CoinsPaid
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  • General description
  • Integration guide
    • Deposits
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    • Obtaining API Keys
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  • Confirmations and limits
  • Dynamic minimum deposit fee for BTC
  • FAQ
  • Mining fees concept
  • How to start
    • Introduction
    • API Set Up Stage
    • User Permissions
    • Addresses
    • Limits and Cold Addresses
    • Balance management
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    • Bank Accounts and Fiat Transactions
    • Mass Payouts
    • Transaction and address tracking
    • Withdrawal Limits
    • Starting Point of API Testing
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  • How it works
  • The minimum deposit fee calculation table

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Dynamic minimum deposit fee for BTC

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Last updated 1 year ago

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When working with the BTC blockchain, CoinsPaid replaces the blockchain's mining fees with a package of predictable fees. To make this model sustainable, we need to update the fees whenever the network becomes too busy and the mining fees change too significantly.

We adopted the dynamic minimum deposit fee approach to keep your costs as predictable as possible.

With this approach:

  • we keep all fees fixed, except for the minimum deposit fee,

  • the minimum deposit fee changes predictably, based on public data,

  • the minimum deposit fee never changes more than one time every week.

How it works

Every Monday, we check the average mining fee in the BTC network for the previous week, beginning and ending at 00:00 UTC on Monday. You can observe this value in public BTC blockchain explorers, for example, on the Blockchain.com's graph.

The average mining fee determines the new minimum deposit fee, according to the table below. If it differs from the last week's one, we notify all users about the planned change.

CoinsPaid switches to the new minimum deposit fee at 10:00 UTC on Wednesday.

The minimum deposit fee calculation table

Level
Average fee per transaction, USD
Min deposit fee, EUR

Level 1

0 - 7

1

Level 2

7 - 10

1.5

Level 3

10 - 15

2.5

Level 4

15 - 20

3

Level 5

20 - 25

5

Level 6

25 - 36

8

Fees Per Transaction